Errors in Macroeconomic Forecasts or in Politics?
March 07, 2011 at 16:00 PM EST
In December 2000, Bill Clinton announced that the “The United States is on course to eliminate its public debt within the next decade.” According to the 2001 budget presented by his administration (during the year 2000), the government debt held by the public would decrease from about 3.7 trillion at the end of 1998 (42% [...]